Brief: Rapala Acquires Okuma Brand And Associated Property Rights

Rapala VMC Oyj

27/01/2021 11:04

Jan 27 (Reuters) - Rapala VMC Corp  RAP1V.HE :
    * REG-RAPALA VMC CORPORATION STRENGTHENS ITS ROD AND REEL
BUSINESS
BY ACQUIRING OKUMA BRAND AND ASSOCIATED PROPERTY RIGHTS FROM
OKUMA FISHING TACKLE CO. LTD IN EUROPE AND RUSSIA AND CONCLUDES
SUPPLY AGREEMENT FOR THE AREA
    * RAPALA VMC CORPORATION AND OKUMA FISHING TACKLE CO LTD
AGREED
OKUMA WILL TRANSFER TO RAPALA VMC ITS EUROPEAN AND RUSSIAN
TRADEMARKS AND ASSOCIATED INTANGIBLE ASSETS AGAINST A
CONSIDERATION OF 8 MILLION USD
    * WILL COMMENCE WITH SALES OF OKUMA PRODUCTS TO SOME EXTENT
IN
SELECTED EUROPEAN COUNTRIES IN 2021, BUT LARGE SCALE EUROPEAN
WIDE AND RUSSIAN LAUNCH OF OKUMA BRAND WILL OCCUR IN 2022

Source text for Eikon:  ID:nGNE6kdh0X 
Further company coverage:  RAP1V.HE 

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